Volex PLC Director/PDMR Dealings (7765B)
15 Febbraio 2022 - 04:59PM
UK Regulatory
TIDMVLX
RNS Number : 7765B
Volex PLC
15 February 2022
Volex plc
("Volex" or the "Company")
Director/PDMR Dealings
Exercise of options
Volex plc (AIM:VLX) announces that it was notified on Monday 14
February 2022 that the following directors/persons discharging
managerial responsibilities ('PDMRs') had exercised the following
awards over (in aggregate) 1,080,000 ordinary shares in the capital
of the Company granted to them under the Volex plc Performance
Share Plan in FY2018 and FY2019 respectively (the 'PSP Awards').
The awards have an exercise price of 25p per share. Details of the
exercised PSP Awards are summarised below:
PDMR Number of Shares Financial Year of
Grant
Nat Rothschild 340,000 FY2019
----------------- ------------------
John Molloy 340,000 FY2019
----------------- ------------------
John Molloy 400,000 FY2018
----------------- ------------------
The PSP Awards will be satisfied using existing shares purchased
in the market by the trustee of the Company's employee benefit
trust.
Grant of options
Volex also announces that it was notified on Tuesday 15 February
2022 that the following directors/PDMRs were granted the following
nil-cost awards ('the LTIP Awards') over ordinary shares in the
capital of the Company (the 'Shares') under the Company's Long Term
Incentive Plan.
PDMR Type of Award Number of Shares
Nat Rothschild Nil-cost option 142,500
----------------- -----------------
John Molloy Nil-cost option 132,500
----------------- -----------------
Jon Boaden Nil-cost option 82,500
----------------- -----------------
In the ordinary course, the LTIP Awards will vest and become
exercisable on 7 December 2024, subject to the PDMRs continuing
employment with the Company and the satisfaction of TSR performance
conditions measured over FY22, FY23 and FY24. If certain stretching
conditions are met an absolute TSR performance multiplier will also
apply, whereby if the Company achieves 100% growth in absolute TSR
over the three year vesting period a multiplier of up to 2.5x will
be applied to the Awards. Following vesting, the Shares will be
subject to a two-year holding period (net of tax).
This announcement is made in accordance with Article 19 of the
UK version of the EU Market Abuse Regulation 596/2014 which has
effect in English law by virtue of the European Union (Withdrawal)
Act 2018.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Nat Rothschild
==================================
2 Reason for the notification
a) Position/status PDMR, Executive Chairman
==================================
b) Initial notification Initial Notification
/Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Volex PLC
b) LEI 213800HBLQNH5FXXGE63
==================================
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
a) Description of Ordinary Shares of 25 pence each
the financial
instrument, type
of instrument
Identification
code
==================================
b) Nature of the Exercise of awards under the Volex plc
transaction Performance Share Plan
c) Price(s) and Price(s) Volume(s)
volume(s)
25p per share 340,000
================================== =========================
d) Aggregated information
- Aggregated
volume N/A - single transaction
- Price
e) Date of the transaction 14 February 2022
==================================
f) Place of the Outside a trading venue
transaction
=== ================================== =========================================
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name John Molloy
==================================
2 Reason for the notification
a) Position/status PDMR, Chief Operating Officer
==================================
b) Initial notification Initial Notification
/Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Volex PLC
b) LEI 213800HBLQNH5FXXGE63
==================================
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
a) Description of Ordinary Shares of 25 pence each
the financial
instrument, type
of instrument
Identification
code
==================================
b) Nature of the Exercise of awards under the Volex plc
transaction Performance Share Plans
c) Price(s) and Price(s) Volume(s)
volume(s)
25p per share 740,000
================================== =========================
d) Aggregated information
- Aggregated
volume N/A - single transaction
- Price
e) Date of the transaction 14 February 2022
==================================
f) Place of the Outside a trading venue
transaction
=== ================================== =========================================
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Nat Rothschild
2 Reason for the notification
a) Position/status PDMR, Executive Chairman
b) Initial notification Initial Notification
/Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Volex PLC
b) LEI 213800HBLQNH5FXXGE63
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
a) Description of Ordinary Shares of 25 pence each
the financial
instrument, type
of instrument
Identification
code
b) Nature of the Grant of awards under the Volex plc Long
transaction Term Incentive Plan
c) Price(s) and Price(s) Volume(s)
volume(s)
GBPnil 142,500
d) Aggregated information
- Aggregated
volume N/A - single transaction
- Price
e) Date of the transaction 15 February 2022
f) Place of the Outside a trading venue
transaction
=== ======================================= ===========================================
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name John Molloy
2 Reason for the notification
a) Position/status PDMR, Chief Operating Officer
b) Initial notification Initial Notification
/Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Volex PLC
b) LEI 213800HBLQNH5FXXGE63
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
a) Description of Ordinary Shares of 25 pence each
the financial
instrument, type
of instrument
Identification
code
b) Nature of the Grant of awards under the Volex plc Long
transaction Term Incentive Plan
c) Price(s) and Price(s) Volume(s)
volume(s)
GBPnil 132,500
d) Aggregated information
- Aggregated
volume N/A - single transaction
- Price
e) Date of the transaction 15 February 2022
f) Place of the Outside a trading venue
transaction
=== ======================================= ===========================================
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Jon Boaden
2 Reason for the notification
a) Position/status PDMR, Chief Financial Officer
b) Initial notification Initial Notification
/Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Volex PLC
b) LEI 213800HBLQNH5FXXGE63
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
a) Description of Ordinary Shares of 25 pence each
the financial
instrument, type
of instrument
Identification
code
b) Nature of the Grant of awards under the Volex plc Long
transaction Term Incentive Plan
c) Price(s) and Price(s) Volume(s)
volume(s)
GBPnil 82,500
d) Aggregated information
- Aggregated
volume N/A - single transaction
- Price
e) Date of the transaction 15 February 2022
f) Place of the Outside a trading venue
transaction
=== ======================================= ===========================================
For further information please contact:
+44 (0)7971 156
Volex plc 431
Nat Rothschild, Executive Chairman
Jon Boaden, Chief Financial Officer
Christian Bedford, Group General Counsel
and Company Secretary
Singer Capital Markets - Nominated Adviser +44 (0)20 7496
& Joint Broker 3000
Shaun Dobson
George Tzimas
+44 (0)20 7991
HSBC Bank plc - Joint Broker 8888
Simon Alexander
Joe Weaving
+44 (0)20 7250
Powerscourt - Media Enquiries 1446
James White
Ollie Head
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END
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